Reported about 4 hours ago
Reliance Industries Ltd., led by Mukesh Ambani, reported a quarterly profit of 185.4 billion rupees, surpassing analyst expectations due to strong performance in its telecom and retail sectors. Despite challenges in the petrochemical market, the company reported a 6.6% revenue increase to 2.43 trillion rupees, aided by festive season consumer spending. Reliance is also navigating potential impacts from U.S. sanctions on Russian oil, but remains focused on transitioning to green energy.
Source: YAHOO